Actually the whole idea is preposterous. They wouldn't have done the BFS at that point to be able to say "we'll only get 75 cents". They wouldn't be able to give EE a number without a very large ball park because they wouldn't have the numbers...that's the whole point of the BFS.

If we're going to make assumptions, let's make them reasonable even if they're unfounded. We should expect at the very very least the same NPV even though we've doubled our resource since the PFS.

2.76 billion NPV from then gives us $1.70, give or take. Add 20 cents for the 80 million we've spent (they back in for 4x, but we get 25% of that in value) and puts us at $1.90. Give absolutely nothing, say a dime for the 4 year clause and 0 value to the increased price of metals (gold and silver have tripled more or less in addition to the resource it self doubling). We're still at the VERY LEAST $2 with the absolute MOST CONSERVATIVE assumptions (though very very very rough numbers).

Now - take into account that I think less than 10% of the property has even been explored. Some of these properties we own 100% of, not 25% and if you were actually reasonable about the NPV assumptions and metal prices....think about how much more we'd be worth.

If you do take them into consideration you can see how $4 is reasonable, how $5 is possible and how $6 is acheivable. $1 is not reasonable. $2 is with 0 understanding of the deposit and ability to negotiate. Even $3 is conservative.